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Timmins Gold Corp T.TMM

"Timmins Gold Corp is engaged in acquiring, exploring, developing and operating mineral resource properties in Mexico. It owns and operates the San Francisco open pit and Ana Paula gold project in Guerrero and the Caballo Blanco gold project in Veracruz."


TSX:TMM - Post by User

Post by fdjens1on Nov 11, 2015 9:08am
101 Views
Post# 24280417

Gold $50/oz below TMM last quarter financial loss

Gold $50/oz below TMM last quarter financial lossMore than half their remaining cash was spent last quarter and could be penniless this quarter. Another financing won't correct the uneconomic gold price that is why the mine is closing which needs north of $1300 to reopen according to CEO. 

SPOT MARKET IS OPEN
closes in 7 hrs. 59 mins.
Nov 11, 2015 09:01 NY Time
Bid/Ask 1087.40 / 1088.40
Low/High 1086.10 / 1095.00
Change -1.80 -0.17%
30daychg -76.50 -6.57%
1yearchg -75.50 -6.49%

 
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